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20121204
20121204
Search Results 0 to 5 of about 6 (some duplicates have been removed)
decisions? is it irrelevant to your business if we go over the fiscal cliff? how does a ceo look at what's happening in washington and decide for next year? >> most of the ceos look at the situation in washington with complete amazement and dismay to be frank about it. the problem is the ideological pinnings on both sides of this argument are so difficult to bridge that it's going to be hard for them to get a deal. >> he also said that they're fighting the wrong fight. i asked would you be willing to pay higher taxes yourself? warren buffett says rich should pay higher taxes. he said the fight should be about the corporate tax rate, doing things to goad corporations into spending money and into hiring, and into really building out their business, not just for small business but for big business, too. that's what the argument should be. the argument over tax rates for the rich is the wrong fight to be having. >> what worries me about this, you said these big ceos like fred smith will make decisions as we get closer to the fiscal cliff, because they have to kick in some of these changes. d
are mired in conversations about a fiscal cliff on the very right now. we're talking about long-term infrastructure build-out, a long-term energy plan. what role should c.e.o.'s have and the federal government have in making sure this gets done? >> this is the perfect opportunity for the federal government and for state governments to work together to achieve a common goal, right? there's plenty of times where, when we run a business, our interests might not coalesce with the interests of either of the parties. as fred said, this is the opportunity that we have never had in this country before, where you can have consumer, the business and the governments all working together to take advantage of this huge resource, if you want to call it saudi america. from a waste management perspective, for us it makes so much sense, because it makes business sense. we get about $1.65 equivalent with natural gas and $4.10 diesel, so it makes great sense for our business. from a government point of view everybody today is talking about jobs and the fiscal cliff. our recommendations in the repo
parts of the proposals to avert that fiscal cliff will really have. tonight we tackle the much-discussed concept of increasing tax rates for the top 2%. chief business correspondent ali velshi joins me now. help us cut through the spin. the partisans all have a different take on this. if you raise taxes on the top 2%, what's the impact? what does it look like and how much of an impact would it have on the deficit? >> well, let's look at it in two ways. one is income tax, right? right now, the highest earners, those households that earn more than a quarter million dollars a year, pay a higher tax rate on the marginal amount, the amount above the $250,000 a year. so we're talking about taking that rate from 36% to 39.6% if we even go there. that hasn't even been negotiated yet but that's 3.6% on every dollar you earn above $250,000. there are not a lot of studies that suggest that that would have catastrophic effects on the economy. the other area that democrats want to raise taxes are on investment income, things like capital gains, dividend income. now, those will jump signific
with this fiscal cliff, of course, that's the great unknown. but it is making a lot of business leaders very, very nervous. christine romans, she spoke with one ceo who says leaders in washington, they're focused on the wrong issue. >> i asked the outspoken ceo of fedex how companies plan ahead when washington is so dysfunctional. >> well, i think most of the ceos look at the situation in washington with complete amazement and dismay to be frank about it. the problem is the ideological pinnings on both sides of this argument are so difficult to bridge that it's going to be hard for them to get a deal. >> this is a time when companies should be planning for next year. spending money, buying equipment, building factories, hiring workers. instead they have no idea what tax rates will be and whether congress will spark a new recession. and companies are already pulling back. you can see that in the third quarter gdp report. companies spending on software and equipment fell almost 3% in the quarter. we haven't seen that since the recession. s i asked fred smith if he would accept higher taxes to get a
a little bit. gridlock in washington over the fiscal cliff making stock investors really nervous. stocks are acting unpredictable. so watch out ahead here. companies should be making hiring and spending plans for next year. instead they're left wondering whether consumers are going to take home less money, and that government agencies can slash spending. a recipe for recession. i asked the ceo of fedex how companies plan ahead when washington is so dysfunctional. >> well i think most of the ceos look at the situation in washington with complete amazement and dismay, to be frank about it. the problem is, the ideological pinnings on both sides of this argument are so difficult to bridge, that it's going to be hard for them to get a deal. >> that's right. other ceos i talked to yesterday said they think it will be hard to get a deal, soledad and it's kind of a grim move right now in d.c. about how long it's going to take -- >> xavier becerra, it sounded like compromise could be on the table because they're going to come to this cliff deadline that will put pieces in place that maybe just ha
Search Results 0 to 5 of about 6 (some duplicates have been removed)

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